Which of the following organizations, despite the fact that it has no legal authority, has played a role in developing acceptable accounting principles worldwide?

XYZ Company reports total assets and total shareholders' eQuity of $375,000 and $220,000, respectively, at the end of its first year of business. The company reported earnings of $100,000 and distributed $40,000 in dividends during its first year. Also during the year, the company issued additional shares of stock for $75,000. What are the firm's liabilities at year end and the firm's contributed capital at the beginning of the year, respectively?

A __________________ involves comparing the changes in a firm's ratios over a multiple-year period.

Economic resources that have the potential or ability to provide future services or benefits to the firm are called _________________.

Which is NOT a current asset?

During the year, XYZ Company issued additional common stock. This transaction is an example of which of the following?

What does the statement of retained earnings tell you about a company's position?

What four components are contained in a financial statement?

Current assets are assets that are intended to be converted into cash or consumed within:

Is net income equal to the net cash generated by operations? Where is net cash reported?

On a balance sheet, which of the following is subject to depreciation?